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ESP — funding rate on Bybit
Bybit · ESPUSDT-0.039%per 4h · -0.010%/hlongs receive
last settlement-0.025%→upcoming payout-0.039%• unchanged
2:13:51settlement
0calmheat
Price (mark)
0.0776
+3.6% 24h
Vol 24h
$339K
Open interest
$933K
Price move in 2 min
—
avg 7d
-0.003%/h
avg 30d
-0.000%/h
Price and skew
Liquidations
24h$93
$93 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 1h 19m, the peak usually lands at minute 5–10
median across 6 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 6 cases
median — 0.18% accrued against a 0.52% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.97 · $0.24/hour
- Net snipe per settlement
- $-3.03 = 0.039% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.24×needs 0.160%+ per settlement
- Liquidation price
- 0.062468 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (11)
before cut-off · 5m · the snipe window (11)
avg+0.07% | -1.90%
max-4.60%
after · 5m
avg+0.53% | -1.99%
max-4.28%
before cut-off · 15m
avg+1.09% | -2.84%
max-14.88%
after · 15m
avg+0.53% | -1.96%
max-3.84%
| Cut-off | Rate | Before | After |
|---|---|---|---|
| 26.09 04:00 | -0.174% | -0.11% | -0.47% |
| 19.09 08:00 | -0.335% | -0.96% | -0.66% |
| 10.08 12:00 | -0.199% | +0.04% | +0.96% |
| 30.07 12:00 | -0.681% | -0.17% | -3.59% |
| 30.07 08:00 | -0.395% | -14.88% | -0.29% |
Settlement profilePRO · open for now
How this pair's price behaves around the payout — averaged over 11 settlements
average across settlementsspread: worst … best outcome
Context and comparison
Funding history · 541 settlements
ESP on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| OKX | -0.095% / 4h | -0.024%/h | longs | -0.065% |
| Bybit ← you are here | -0.039% / 4h | -0.010%/h | longs | -0.121% |
| Binance | -0.021% / 4h | -0.005%/h | longs | -0.139% |
| Bitget | -0.011% / 4h | -0.003%/h | longs | -0.149% |
OKX-0.024%/h
longsrate -0.095% / 4hsnipe -0.065%
Bybit← you are here-0.010%/h
longsrate -0.039% / 4hsnipe -0.121%
Binance-0.005%/h
longsrate -0.021% / 4hsnipe -0.139%
Bitget-0.003%/h
longsrate -0.011% / 4hsnipe -0.149%
Max spread across exchanges: +0.021%/h
ESP across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Bitgetevery 4hBinanceevery 4hBybitevery 4hOKXevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0089%/h
widest spread
0.0352%/h
09.11 05:00 UTC · Bybit ↔ OKX
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.